Edeus has tightened its lending criteria by cutting loan to values to 80 per cent on its adverse range.
It has also reduced adverse self-cert LTV to 75 per cent.
In an email to brokers the lender says: “Until the market returns to normality following this ongoing period of volatility, it is vital that a responsible lending policy is maintained.
“Therefore for the time being, we will need to make prudent changes to products and criteria at short notice.”
The changes will come into effect from close of business tonight.